Consolidated Edison, Inc. (NYSE:ED) average daily volatility for this week is 1.63% which is less than the 2.42% recorded over the past month. Its shares dropped by -10.7% or -$9.02 from its last recorded high of $84.32 which it attained on December 13 to close at $75.3 per share. Over the past 52 weeks, the shares of Consolidated Edison, Inc. has been trading as low as $71.12 before witnessing a massive surge by 5.88% or $4.18. This price movement has led to the ED stock receiving more attention and has become one to watch out for. It dipped by -0.79% on Wednesday and this got the market worried. The stock’s beta now stands at 0.11 and when compared to its 200-day moving average and its 50-day moving average, ED price stands -3.12% below and -4.07% below respectively.
Consolidated Edison, Inc. (ED) rose 0.21% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -9.16% and is now down by -1.52% since start of this year. A look at its monthly performance shows that the stock has recorded a -8.68% fall over the past 30 days. Its equity price dipped by -3.49% over the past three months which led to its overall six-month decrease to stand at -3.29%.
Experts from research firms are bullish about the near-term performance of Consolidated Edison, Inc. with most of them predicting a $78.8 price target on a short-term (12 months) basis. The average price target by the analysts will see a 4.65% rise in the stock and would lead to ED’s market cap to surge to $24.51B. The stock has been rated an average 3.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Consolidated Edison, Inc. (NYSE:ED) and find out that 11 of them rated it as a Hold. 1 of the 6 analysts rated it as a Buy or a Strong Buy while 5 advised investors to desist from buying the stock or sell it if they already possess it.
A look at ED technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 38.26 point. Its trading volume has lost -752755 shares compared to readings over the past three months as it recently exchanged 1657245 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2410000 shares, and this is 0.69 times the normal volume.
The price of Marathon Oil Corporation (NYSE:MRO) currently stands at $16.07 after it went up by $0.59 or 3.81% and has found a strong support at $15.69 a share. If the MRO price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $15.32 mark would also be bad for the stock as it means that the stock would plunge by 4.67% from its current position. However, if the stock price is able to trade above the resistance point around $16.3, then it could likely surge higher to try and break the upward resistance which stands at $16.54 a share. Its average daily volatility over the past one month stands at 4.79%. The stock has plunged by 3.24% from its 52-weeks high of $15.55 which it reached on Oct. 03, 2018. In general, it is 21.78% above its 52-weeks lowest point which stands at $12.57 and this setback was observed on Dec. 26, 2018.
Analysts have predicted a price target for Marathon Oil Corporation (MRO) for 1 year and it stands at an average $21.21/share. This means that it would likely increase by 31.99% from its current position. The current price of the stock has been moving between $15.55 and $16.16. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $15. On the other hand, one analyst is super bullish about the price, setting a target as high as $29.
The MRO stock Stochastic Oscillator (%D) is at 93.32%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.33 which compares to the 99.85 recorded by the industry or the 12.86 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 21.06, which is lower than the 21.28 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -23.3% over the past five years.
Analysts view Marathon Oil Corporation (NYSE:MRO) as a Buy, with 2 consensus rating. Reuters surveyed 30 analysts that follow MRO and found that 8 of those analysts rated the stock as a Hold. The remaining 22 were divided, with 22 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Marathon Oil Corporation (MRO) shares or sell it if they already own it.